Burford Capital Share Discussion Threads

[mryl] 08/8/2019 17:19

Yes yes William, we got it, you're a shorter here, just say it and stop pretending to be"disappointed" at anything.

MW claims judged ridiculous by the company and a comprehensive report was put together overnight.
company potentially going to sue MWs.
Directors buy £3,000,000 and more insider buys to come.
contemplating share buyback.

[brexitplus] 08/8/2019 17:12

God response. Burford know MW will come back at them so answer the criticism and wait! Then respond again.

That’s the way it works. They will have heard the suggestions. No gut reactions please.

[djderry] 08/8/2019 17:10

Comprehensive two hour conference call,no question left unanswered,the only question now is why did so many capitulate to the tenuous self serving,often factually incorrect MW whitewash?

[yasharsad] 08/8/2019 17:08

williamwhy werent you at the conference call and why didnt you speak up? dont say that you did, because i cant remember if you did.the registration was open to everyone.

[trident5] 08/8/2019 17:08

So that last question - did he say it was viable to move commitments in Burford out to their funds? He should have killed that dead straight off the bat.

[mammyoko] 08/8/2019 17:07

They know the IRR ex Peterson but aren't going to share it

This is all typical shorter nonsense. There is nothing wrong with the accounts. There's no smoking gun. All MW points are desperately trying to create a case that doesn't exist

There is a problem with cash generation, however, but this is well known. Why not stick with that? Because it wouldn't cause the reaction that suggesting fraud will do.

No evidence whatsoever of fraud in the MW document.

If they have it, produce it. Otherwise, this is just all about taking advantage of investor fear

[onjohn] 08/8/2019 17:07

Careful of new and newly registered posters speaking with forked tongue

Eg Chucky
Sweet karolina

[onjohn] 08/8/2019 17:06

Careful of newly registered posters speaking with forked tongue

Eg

[knowing] 08/8/2019 17:05

Amazing William that every post you have ever made on ADVFN has been regarding BUR and only started a very short time ago. You must be a very special person to have come in "just at the right time".

[knowing] 08/8/2019 17:02

Investors is a generalized term.

[williamcooper104] 08/8/2019 17:01

Very disappointed my RNS and the call 1 no rebuttal that Bur are a one trick pony - to not know IRR ex Peterson is insane 2 no corporate governance change the CFO should not be the CFO even if there's no governance issues 3 no rebuttal on Fair Value less Cash Invested 4 and derisory management share purchase It's all - trust us we're lawyers I don't - and the share price says a lot aboutMWs response writes itself

[clocktower] 08/8/2019 17:01

Would they act in the interests of small shareholders or their own - guess who would get the spoils.

[knowing] 08/8/2019 16:57

‘Burford is well equipped to investigate and pursue market manipulators, and as stewards of investor capital, we are exploring doing so here, cognisant of the substantial losses our investors have suffered.’

[trident5] 08/8/2019 16:57

NFS - okay then they should shut up about considering share buy backs

[nfs] 08/8/2019 16:56

They consider- in their capital allocation decisions- that re-investing cash into new cases is better due to the high returns achieved on that capital

[qruz] 08/8/2019 16:55

Has there been any hosting of the conference call today? would love to listen, missed it all earlier.

[mammyoko] 08/8/2019 16:54

No cash comes from settling cases and reinvested in new cases

[trident5] 08/8/2019 16:53

So they haven't got excess cash for a buy back?

[ih_519566] 08/8/2019 16:53

I agree with Sweet Karolina2. I sold and liquidated all shares as the market reaction to the investor call shows clearly where it is heading. Particularly worrying is the dodgy CFO and husband, the mumbling director - cannot believe I previously invested into this scam.
I have signed up via email to the Rosen Law legal investigation, hopefully they will take these "lawyers" to court properly on behalf of all cheated shareholders.

[sweet karolina2] 08/8/2019 16:49

molatov, BUR's cash all comes from issuing debt and shares that is the problem.

[minerve 2] 08/8/2019 16:49

Why does MW need to continue doing anything?

Cash out, job done.

[molatovkid] 08/8/2019 16:47

BUR just said they have $400m in cash.....where the problem?

[sweet karolina2] 08/8/2019 16:44

Well market reaction to conf call and derisory (compared to what they made selling) directors purchases says it all.

Ball is now in MW court. Will MW smash back tomorrow or wait until Mon.

My guess is they will let market stew tomorrow and fire in a scorcher on Mon.

Cash will be the big issue. The original report did not talk about cash generation because that is the real Achilles heal of BUR and that is where the real attack will aim.

I think MW won't try the insolvency card again just yet and will go for "grossly overvalued based on dodgy metrics, which nobody really understands. But everyone understands cash and BUR don't generate much of it.

I also think they will have a go at debunking the Napo story. BUR put an excellent (for them) spin on it, but basically admitted the key facts were true. Debunk the spin eg Napo lost and may well have been on the hook for the costs, but why sign up to a massive debt to pay the financiers of the lawyers that lost the case for them? Strong smell of collusion, with major shareholder interest already conflicted by virtue of Invesco already being balls deep in Napo (Napo / Jaguar do seem like the archetypal Woodford bio-tech no hoper dogs) and thereby undermine the credibility of the rest of the rebuttal.

Ultimately this will come down to who does the market trust and it is fairly clear trust and confidence in BUR management has not been restored by the call.

Loving watching this from the sidelines - definitely the place to be.

[babbler] 08/8/2019 16:42

clearly another shorter. Probably didn't listen to the call. Can't see anyone providing finance? They will...